Tuesday, January 28, 2014

Quick Overview of 2014 Federal Estate and Gift Tax Amounts

The federal estate tax exemption amount is $5,000,000 and is adjusted annually for inflation. This year the exemption amount increases to $5.34 million. This means that a married couple can protect up to $10.68 million. The estate tax rate is 40%.

The annual exclusion from gift taxes will remain at $14,000 for 2014.